The Illinois Municipal Retirement Fund (IMRF) has approved more than $100 million in commitments to real assets, according to a press release from Feb. 21.
IMRF has committed up to $50 million to Pretium Affordable Single-Family Rental Fund VII; up to $25 million to Mesirow Financial Real Estate Value Fund V, a value-added, closed-end fund with a target of $1.3 billion; and up to $25 million to S2 Real Estate Fund II, an opportunistic, closed-end fund with an undisclosed fundraising goal.
As of Dec. 31, 2024, IMRF had $54.9 billion in total assets under management. It has approved a plan to allocate 10.5 percent of assets to private real assets for 2025.
